Towry transfer delays 'not over'-Transact

clock

Transact has welcomed Towry's claim to have sorted out the transfer delays of former Edward Jones clients, but warns the saga has yet to be "put to bed".

Towry said it has cleared the backlog of account transfer requests from former Edward Jones clients, marking a significant milestone in the ongoing transfer saga. Chief executive Andrew Fisher says the national IFA is now dealing with "ongoing tasks associated with re-registration" and is working with platforms. "However, because of the nature of the re-registration process, some assets may still take a little while to register with the new custodian; we can do nothing about this. "We are writing to those who have asked us to close and transfer their account confirming the transfer...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advisers: Are you even taking your own advice?

Advisers: Are you even taking your own advice?

Exploring the expenditure consolidation conversation

Nick Ryan
clock 25 March 2026 • 4 min read
CISI welcomes 76 Certified financial planners

CISI welcomes 76 Certified financial planners

Number of UK CFP professionals continues to rise

Sophia Panayi
clock 24 March 2026 • 1 min read
'Nobody is big enough not to be bought'

'Nobody is big enough not to be bought'

Roderic Rennison on the future of deals in the advice industry

Isabel Baxter
clock 20 March 2026 • 1 min read